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The Morgan Housel Podcast

Accountable to Darwin vs. Accountable to Newton

The Morgan Housel Podcast

Morgan Housel

Business

4.91.1K Ratings

🗓️ 18 March 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Woodrow Wilson was the only president with a Ph.D. in political science.

He came to office having thought more about how a government functions than most before him or since.

One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.

Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved. 

I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money. 

Transcript

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0:00.0

Welcome back. Thanks again for being here.

0:07.0

What are you?

0:10.0

What are you going to be here?

0:12.0

Woodrow Wilson was in here.

0:19.0

Woodrow Wilson was the only US president who had a PhD in political science.

0:27.0

He came to office having thought more about how a government functions and how you should run it, then most people before him or since.

0:31.0

One of Wilson's big complaints was that too many people in government held the belief that a government was a big machine.

0:42.0

What he meant by that was the belief that once you set up a series of rules,

0:47.6

you could take your hands off the wheel, so to speak, and let the government run on its own forever.

0:54.0

Too many people, he said, viewed the government like it was physics,

0:59.0

with a set of laws that required no updating or second guessing because they were believed

1:06.6

to be precise and perfect as they were.

1:11.0

Wilson, again, he thought that was all wrong. He wrote in 1908 that quote,

1:17.0

The trouble with this theory is that government is not a machine, but a living thing. It falls not under the theory of the

1:27.2

universe but under the theory of organic life. It is accountable to Darwin, not to Newton. It is modified by its environment, necessitated

1:40.1

by its tasks, shaped to its functions by the sheer pressure of life.

1:47.0

I always thought, look I'm honestly not interested in politics, but the phrase it is

1:51.3

accountable to Darwin and not to Newton.

1:54.0

The first time I heard that I thought that is so brilliant, so ingenious.

1:58.6

And of course what he's getting at here is that things that are accountable to Darwin, Charles Darwin,

2:04.8

evolve. They change, they adapt to their environment, to their circumstances.

2:10.5

Whereas things that are accountable to Newton, Isaac Newton, like Newton in physics, are very precise.

...

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